Bussines News

Hyderabad, Nov 24 (IANS) The accounting scam at Satyam Computer Services is to the tune of Rs.14,000 crore (Rs.140 billion/$2.8 billion) and not Rs.7,800 crore (Rs.78 billion) as the company's disgraced former chairman B. Ramalinga Raju stated earlier this year, the Central Bureau of Investigation (CBI) has said.

Mumbai, Nov 24 (IANS) An overwhelming majority of brokers of the Bombay Stock Exchange (BSE) are opposed to any extension of trading hours, according to a survey report released here Tuesday.

New Delhi, Nov 24 (IANS) Agriculture Minister Sharad Pawar Tuesday said some cases of suicides by farmers due to personal reasons were also attributed to crop failure and other farming related reasons.

Raipur, Nov 24 (IANS) Chhattisgarh Chief Minister Raman Singh Tuesday asked the central government to raise the minimum support price (MSP) for paddy to Rs.1,400 per quintal from the present Rs.950 per quintal.

New Delhi, Nov 24 (IANS) The genetically modified Bt Brinjal has been developed in compliance with international norms and experts evaluating it have found no danger in it, Minister of State for Environment and Forests Jairam Ramesh said here Tuesday.

Hyderabad, Nov 24 (IANS) The Central Bureau of Investigation (CBI) Tuesday filed an additional charge sheet against former Satyam Computer Services founder-chairman B. Ramalinga Raju and others accused in the Rs.78-billion (Rs.7,800 crore) accounting scam that rocked the country earlier this year.

Kolkata, Nov 24 (IANS) Bilateral trade between India and France will be hit this fiscal on account of the global economic meltdown, a French diplomat said here Tuesday.

New Delhi, Nov 24 (IANS) HCL Security, a wholly-owned subsidiary of hardware major HCL Infosystems, Tuesday said it has signed an agreement with technology firm Cisco to provide internet protocol-based safety and security solutions in India and abroad.

New Delhi, Nov 24 (IANS) Civil Aviation Minister Praful Patel Tuesday said the two pilots of the chartered plane that took off with BJP president Rajnath Singh from Jharkhand's Dumka airstrip in darkness last month, were reprimanded and grounded for 15 days.

New Delhi, Nov 24 (IANS) There was no ambiguity in the agreed price, tenure and quantity of natural gas to be supplied by Reliance Industries Ltd (RIL) from the Krishna-Godavari fields, counsel for Reliance Natural Resources Ltd (RNRL) told the Supreme Court Tuesday.

New Delhi, Nov 24 (IANS) Tired of pushing and jostling in order to get a bus ticket? From now on all you need to do is to touch a card on a validator machine for a hassle free transaction, as the Delhi government Tuesday started the smart card automated fare collection in a pilot stage.

New Delhi, Nov 24 (IANS) Hundreds of people are expected for a rally in Delhi Thursday to demand change of government policies to ensure food security for all.

Mumbai, Nov 24 (IANS) Indian equities markets closed Tuesday on a dull note, with a key index ending trade 0.29 percent lower than its previous close with major global bourses going quiet on profit booking.

Panaji, Nov 24 (IANS) Filmmaker Manmohan Shetty, who started the trend of multiplex cinema chains, now says single screen theatres and cheap movie tickets will revive the Indian film industry, which he feels is weighed under increasing production costs.

Mumbai, Nov 24 (IANS) Unit 5 of the Rajasthan Atomic Power Project, a 220 MW pressurized heavy water reactor (PHWR), attained criticality at Rawatbhata in Rajasthan, an official of the Nuclear Power Corp of India Ltd (NPCIL) said here Tuesday.

Bhubaneswar, Nov 24 (IANS) Orissa Tuesday declared 3,264 villages in the state's 15 districts as drought hit.

Lima, Nov 24 (EFE) Peruvian President Alan Garcia has invited China to invest in this country's automobile industry, banking system and port sector when he met Jia Qinglin, a member of the Chinese Communist Party Politburo.

Panaji, Nov 24 (IANS) The film piracy industry in India is worth Rs.1,500 crore and its profits are being used to fund terrorism in the country, a top official of CD-DVD manufacturer Moser Baer said Tuesday.

Madrid, Nov 24 (EFE) Spain's Acciona Energia said it has completed the assembly of the Eurus wind farm in Mexico, an energy facility with total potential generating capacity of 250.5 MW and costing $550 million.

Mumbai, Nov 24 (IANS) Indian equities markets closed Tuesday on a dull note, with a key index ending trade 0.28 percent lower than its previous close.